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Company Registration No. 13666283 (England and Wales)
Drain 2 Drain Limited Unaudited accounts for the year ended 31 October 2023
Drain 2 Drain Limited Unaudited accounts Contents
Page
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Drain 2 Drain Limited Company Information for the year ended 31 October 2023
Director
Daniel Michael Foulis
Company Number
13666283 (England and Wales)
Registered Office
102 Carsington Crescent Derby Derbyshire DE22 2QX UK
Accountants
RLTP Accountants Suite 8, Riverside Business Centre Foundry Lane Milford, Belper Derbyshire DE56 0RN
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Drain 2 Drain Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,761 
17,848 
Current assets
Cash at bank and in hand
20,256 
621 
Creditors: amounts falling due within one year
(61,782)
(18,677)
Net current liabilities
(41,526)
(18,056)
Total assets less current liabilities
(24,765)
(208)
Creditors: amounts falling due after more than one year
- 
(31,500)
Net liabilities
(24,765)
(31,708)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(24,767)
(31,710)
Shareholders' funds
(24,765)
(31,708)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 March 2024 and were signed on its behalf by
Daniel Michael Foulis Director Company Registration No. 13666283
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Drain 2 Drain Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Drain 2 Drain Limited is a private company, limited by shares, registered in England and Wales, registration number 13666283. The registered office is 102 Carsington Crescent, Derby, Derbyshire, DE22 2QX, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% RB
Motor vehicles
25% RB
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
7,497 
16,300 
23,797 
Additions
4,500 
- 
4,500 
At 31 October 2023
11,997 
16,300 
28,297 
Depreciation
At 1 November 2022
1,874 
4,075 
5,949 
Charge for the year
2,531 
3,056 
5,587 
At 31 October 2023
4,405 
7,131 
11,536 
Net book value
At 31 October 2023
7,592 
9,169 
16,761 
At 31 October 2022
5,623 
12,225 
17,848 
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Drain 2 Drain Limited Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,138 
2,633 
Trade creditors
5,656 
2,008 
Other creditors
3,201 
- 
Loans from directors
44,787 
14,036 
61,782 
18,677 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
31,500 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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